How can inclusive growth of a country be achieved
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Dr. Denis Medvedev, the World Bank Group’s Senior Country Economist, spoke at the IIM Calcutta on the Next Wave of Economic Reforms in India on 20th November, this year. The talk focused on the challenges facing the Indian economy in achieving inclusive growth with a special focus on reducing poverty in the lower income states.
Dr. Medvedev touched on how external conditions including falling energy prices, improving foreign portfolio and direct investments have resulted in positive outcomes in India’s economy. He stressed that US economic recovery was a bonus for India because the country was a major market for Indian exports and a large source of remittances (second only to the Middle East). Other positive factors included our reduced inflation and fiscal deficit, and the picking up of our reform momentum.
Dr. Medvedev touched on how external conditions including falling energy prices, improving foreign portfolio and direct investments have resulted in positive outcomes in India’s economy. He stressed that US economic recovery was a bonus for India because the country was a major market for Indian exports and a large source of remittances (second only to the Middle East). Other positive factors included our reduced inflation and fiscal deficit, and the picking up of our reform momentum.
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